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"AU FOB HK".



CONFIDENTIAL!!!! FIRST COMES FIRST SERVED!!!



Dear Associates (Ladies & Gentlemen),



Please with attached file find offer "AU FOB HK".



If you have Buyer Interested to proceed, they needed to follow Offers Transaction Procedures (without any changes).



Commission:



Sellers side: 1.5% CLOSED.



Buyers side: 1.5% open.



Buyers side starts with Vincent and I/Marco am second person at 1.5 % Buyers side Commission. You (recipient of this email) are Third at Buyers side commission.



QUOTE



DESCRIPTION OF COMMODITY



PRODUCT DESCRIPTION

Gold AU Bullion Bars

FINENESS/ PURITY

99.95 % or Better

HALLMARK

International Accepted Bullion Bars

SIZE

12.5kg bars

AGE

Less than 5 Years

MINIMUM CONTRACT QUANTITY

200 Metric Ton (With Rolls and Extension as agreed between Buyer and Seller)

MINIMUM LIFT PER TRANCHE

5 Metric Ton within 3 working days

PRICE

2nd Fixing LBMA

DELIVERY

From SELLER’s LBMA Registered Secure Warehouse to BUYER’s nominated Warehouse or LBMA Registered Refinery within HONG KONG

CONTRACT DURATION

As Listed in Lifting Schedule

TRANSACTION CURRENCY

EURO €

TRANSACTION

Bank to Bank

PREFERRED PAYMENT

Ledger to Ledger / MT103 / TT

CONSULTANCY FEE

Seller Side 1.5% (Closed)



Buyer Side 1.5% Open-start with Vincent



PAYMENT DURATION

After Assay Report issued by LBMA Registered Refinery OR Other Method acceptable by the Seller

QUANTITY & DISCOUNT

QUANTITY (MT)

GROSS Discount (%)

NET Discount (%)

BUYER Side Commission (%)

SELLER Side Commission (%) Closed

200MT |500MT |1000MT

(SKR Under 3 Years Old)

12%

9%

1.5%

1.5%



TRANSACTION PROCEDURE:



§ Buyer sign, cop, initial every page and return Term Data Sheet to Seller.

§ Seller will issue official SPA to Buyer.

§ Buyer to fill-up all information, sign, cop, initial every page and return SPA to Seller.

§ Then Seller will fill-up all information, sign, cop, initial every page and return SPA to Buyer



§ After both parties’ sign the SPA – Buyer to issue Bank Confirmation Letter (BCL) with Sellers Code, Transaction Code and Buyers Code confirming Buyers Bank account holding credit facility to purchase the contract value AU Bullion OR



§ After both parties’ sign the SPA – Buyer to issue MT199 with Seller Code, Transaction Code and Buyers Code confirming Buyer’s Bank account holding credit facility to purchase the contract value AU Bullion OR



PERFORMANCE BOND - The SELLER and BUYER will each place a special USD 200,000,000 (Two Hundred Million) penalty Performance Bond to be held by (valid statutory body) in reverse version in a form of Bank Guarantee (BG)/Escrow/Bank Draft with exception of accepted Force Majeure as listed in the SPA.



In the event that the BUYER or SELLER fails to perform any part of the procedure as outlined in the SPA, the offended party shall exercise his legal action to charge a USD 200,000,000 (Two Hundred Million) penalty against the non- performance to be paid immediately to the offended party without recourse and objections hence the transaction is considered null and void



§ POF and POP verification between Buyer Bank Officer (BBO) and Seller Bank Officer (SBO)communication only



§ After POF and POP verification completed, Buyer bank officer to issue payment guarantee by revolving BG/LC/MT 799 for value of minimum 5 MT or larger depending on the lifting quantity



§ Delivery - Seller will deliver the AU bars to Buyers Warehouse or LBMA registered refinery within Hong Kong

§ Assaying / Smelting at Buyers cost

§ Payment after issue of Assay report and Title transfer

§ Price benchmark : LBMA 2nd fixing previous day

§ Payment method – MT103 / TT (Payment for 5MT must be settled within 3 working days from the first delivery date)

§ Country of transaction settlement - Hong Kong

§ Seller will provide all documents for export and assistance if required

§ Seller disburses both sides intermediaries’ commission. Seller side CLOSED

§ NCNDA required to be sign by both parties – As enclosed below

§ IMFPA will included in the SPA



v TO PROCEED FURTHER, PLEASE SIGN THE TERM SHEET THAT YOU HAVE UNDERSTOOD THE TRANSACTION PROCEDURE AND RETURN IT TO MANDATE FOR COPY OF OFFICIAL SPA

UNQUOTE

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